Last week silver prices outperformed gold and almost tested 15$ but it did not sustain on higher levels and crashed last friday however it managed to close above 14.50$ , now silver price has a good weekly support level at 13.80$ once market break this and close below this level then expect silver to test upto 13.20$ – 12.50$ this week
If silver prices click our weekly resistance level at 15.25$ and close above our weekly major hurdle then expect silver buyers to have upper hand upto 16$ – 17.20$ and even more
Silver forecast weekly conclusion : Silver trend is flat to weak for now once it closed below 14.40$ it should confirm a weak trend till then buyers may have upper hand but trend is not clear till it close below 14.40$ however we have fed meetings this week so avoid any major positions till fed verdict is out
More will update in daily silver price update